QXO, Inc. (NASDAQ:QXO) Shares Acquired by Tsai Capital Corp

Tsai Capital Corp increased its stake in shares of QXO, Inc. (NASDAQ:QXO) by 6.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,275,007 shares of the company’s stock after purchasing an additional 75,007 shares during the quarter. QXO comprises about 14.8% of Tsai Capital Corp’s portfolio, making the stock its 2nd biggest position. Tsai Capital Corp’s holdings in QXO were worth $20,273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. acquired a new stake in shares of QXO in the third quarter valued at approximately $24,130,000. Brown Brothers Harriman & Co. purchased a new stake in QXO in the 3rd quarter valued at $41,000. The Manufacturers Life Insurance Company acquired a new stake in QXO during the 3rd quarter worth $1,522,000. BNP Paribas Financial Markets purchased a new position in QXO during the 3rd quarter worth $166,000. Finally, Townsquare Capital LLC acquired a new position in QXO in the third quarter valued at $276,000. 58.68% of the stock is owned by hedge funds and other institutional investors.

QXO Stock Performance

Shares of QXO opened at $13.78 on Friday. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00. The firm has a 50-day simple moving average of $13.25 and a 200-day simple moving average of $14.77. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of -1.51, a price-to-earnings-growth ratio of 4.09 and a beta of 2.35.

About QXO

QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.